Toronto Dominion Bank increased its holdings in shares of Ball Co. (NYSE:BALL - Free Report) by 60.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 151,156 shares of the company's stock after purchasing an additional 56,692 shares during the quarter. Toronto Dominion Bank owned 0.05% of Ball worth $10,265,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Swedbank AB lifted its holdings in shares of Ball by 7.0% in the second quarter. Swedbank AB now owns 195,281 shares of the company's stock valued at $11,721,000 after purchasing an additional 12,795 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Ball by 317.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 201,117 shares of the company's stock worth $12,071,000 after acquiring an additional 152,950 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Ball by 58.6% during the 2nd quarter. Blue Trust Inc. now owns 1,521 shares of the company's stock worth $91,000 after acquiring an additional 562 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Ball by 17.5% in the second quarter. Raymond James & Associates now owns 1,621,553 shares of the company's stock valued at $97,326,000 after purchasing an additional 241,502 shares during the last quarter. Finally, Western Wealth Management LLC lifted its position in shares of Ball by 4.9% in the second quarter. Western Wealth Management LLC now owns 5,351 shares of the company's stock worth $321,000 after purchasing an additional 251 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.
Ball Stock Performance
Ball stock traded up $0.25 during trading hours on Friday, hitting $58.24. The company had a trading volume of 1,737,157 shares, compared to its average volume of 1,837,794. Ball Co. has a one year low of $54.06 and a one year high of $71.32. The firm has a market cap of $17.38 billion, a PE ratio of 4.39, a PEG ratio of 1.44 and a beta of 0.91. The firm has a 50-day moving average of $62.05 and a 200 day moving average of $63.37. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 0.82.
Ball (NYSE:BALL - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.13 billion. Ball had a return on equity of 17.46% and a net margin of 34.05%. The firm's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 earnings per share. On average, sell-side analysts expect that Ball Co. will post 3.15 earnings per share for the current year.
Ball Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.20 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.37%. Ball's dividend payout ratio (DPR) is presently 6.03%.
Analyst Upgrades and Downgrades
BALL has been the topic of several recent research reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $75.00 price target on shares of Ball in a research note on Monday, November 4th. Citigroup lifted their target price on Ball from $66.00 to $69.00 and gave the company a "neutral" rating in a research report on Wednesday, October 2nd. Wells Fargo & Company reduced their price target on Ball from $63.00 to $61.00 and set an "equal weight" rating for the company in a research report on Friday, November 1st. Morgan Stanley raised Ball from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $69.00 to $78.00 in a research report on Wednesday, September 4th. Finally, Mizuho raised Ball from a "neutral" rating to an "outperform" rating and set a $67.00 price objective for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $70.75.
Get Our Latest Analysis on Ball
About Ball
(
Free Report)
Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.
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